Guideline Value for Block Mariamman Kovil Chandu

Block Mariamman Kovil Chandu guideline value

The current guideline value of Block Mariamman Kovil Chandu in Pollachi village, under the Pollachi SRO, is Rs 826 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - V.

How the guideline value of Block Mariamman Kovil Chandu has changed

The guideline value for Block Mariamman Kovil Chandu has seen several revisions over the years. In the 2007 revision, the value was Rs 745 per sq.ft, which increased to Rs 825 per sq.ft in 2012. However, it dropped to Rs 553 per sq.ft in the 2017 revision, before rising significantly to Rs 826 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was 11%. Overall, from 2007 to 2024, the guideline value has risen by 11%.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value in this area is Rs 675 per sq.ft, placing Block Mariamman Kovil Chandu's 2024 figure above that median.

• Charman Street: Rs 420 per sq.ft (2024)
• Chellammal Nagar: Rs 420 per sq.ft (2024)
• Chokkanathapuram Street: Rs 420 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Dhivansakip Street: Rs 675 per sq.ft (2024)
• Bangalow Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Block Mariamman Kovil Chandu

For a 1,000 sq.ft plot at the current guideline value of Rs 826 per sq.ft, the total guideline value amounts to Rs 8,26,000. The stamp duty at 7% would be Rs 57,820, and the registration fee at 2% would be Rs 16,520, totaling Rs 74,340. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block Mariamman Kovil Chandu?

The Sub Registrar Office that covers Block Mariamman Kovil Chandu is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a crucial factor during property registration in Ward 4. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the current market conditions as set by the Registration Department. This process aids in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Block Mariamman Kovil Chandu?

The current guideline value for Block Mariamman Kovil Chandu is Rs 826 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 745 per sq.ft in 2007 to Rs 826 per sq.ft in 2024, with various revisions in between, including a drop to Rs 553 per sq.ft in 2017.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,26,000, the stamp duty would be Rs 57,820, and the registration fee would be Rs 16,520, totaling Rs 74,340.

Which office handles property registrations for Block Mariamman Kovil Chandu?

The Pollachi Sub Registrar Office handles property registrations for Block Mariamman Kovil Chandu, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification for Block Mariamman Kovil Chandu?

Block Mariamman Kovil Chandu is classified as Residential Special Type - V, indicating its designated use for residential purposes.